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  • Retirement Strategy: The Active Manager Takes Action, While The Passive Manager Remains Passive [View article]
    I believe if you dig deep you will find that Ben Bernanke did not own MO at any time during his tenure on the Federal Reserve. When he was nominated, his portfolio was conservatively invested with no stocks. The reason we have the meme about Bernanke and MO was that at one time in the past he did own it. Details are here: http://cnnmon.ie/PzDcGC

    We have no way of knowing if he owns it now.

    The future of e-cigarettes and vaping looks very promising, but I recommend caution when projecting earnings for big tobacco from vaping. Try googling 'vaping vs smoking cost' and you will find that vaping is much less expensive than cigarettes for the consumer. Here is an example: http://bit.ly/PzDcWU This does not look like anything close to a one-for-one replacement of cigarettes by vaping as far as revenues are concerned.

    I remain a substantial investor in MO (and PM) but I try to remain sceptical about both and recommend that you do the same.
    Apr 6 03:30 AM | Likes Like |Link to Comment
  • Periodic Table Of Dividend Champions [View article]
    Thank you, that worked. But each plotted point needs to have its symbol as a label, for example when the mouse hovers over it. Excel help for scatter charts does not say anything about this.
    Apr 5 11:37 AM | Likes Like |Link to Comment
  • 18% Yield On CEFL After April Dividend Increase [View article]
    The decay issue is relevant for ETNs that rebalance daily. The ETRACs ETNs rebalance monthly. Very different.
    Apr 4 10:17 AM | 1 Like Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    peteF,

    DVHL pays monthly, not quarterly. Look at its name: UBS E-TRACS
    Monthly Pay 2xLeverage Diversified High Income ETN. The most recent 3
    months' dividend totals $0.7744, annualized = $3.0976, at today's
    close of $26.41 its yield is 11.73%.
    Apr 4 01:18 AM | Likes Like |Link to Comment
  • Periodic Table Of Dividend Champions [View article]
    Mighty MO (and PM).
    Apr 3 04:42 PM | 1 Like Like |Link to Comment
  • 18% Yield On CEFL After April Dividend Increase [View article]
    pgillman,

    >If MLPL could somehow pass through this tax advantage, it would be a GREAT investment!<

    Put MLPL in a Roth IRA. When you make withdrawals there is no tax.

    Same for the other leveraged ETNs. I am thinking about doing some of this with my Roth IRA.
    Apr 3 11:12 AM | 2 Likes Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    marlyeg,

    Most likely it is the amount of leverage. BDCs are leveraged much less than mREITs. By law, the maximum BDC leverage is 1:1. That makes the maximum leverage of BDCL 3:1. mREITs can lever without regulatory constraint, and they are typically in the range 5:1 to 8:1, which puts the maximum leverage of MORL in the range of 11:1 to 17:1.
    Apr 3 11:03 AM | 1 Like Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    Paternalistic.
    Apr 2 07:34 PM | 1 Like Like |Link to Comment
  • The wave of the future? [View news story]
    I think you hit it on the head. E-cigs and vaping are low margin businesses. Limiting their use will not only support tax revenues, it will also support tobacco profits.
    Apr 2 02:46 PM | 1 Like Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    I talked to them about their reasons. It is not because it is an ETN, they are fine with BDCL, which is also a 2x leveraged ETN (I did not ask about CEFL). Their reason was that they consider MORL too speculative to allow customers to own it.

    I will have to be content with my 0.1% allocation to MORL.
    Apr 2 11:24 AM | Likes Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    My broker, Wells Fargo, will not allow any account to own MORL, period, end of discussion.
    Apr 1 08:47 PM | Likes Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    All of the ETRACS ETNs are here: http://bit.ly/1i0VuHg
    Apr 1 03:46 PM | Likes Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    I have not. Wouldn't hurt to try, would it?
    Apr 1 11:50 AM | 1 Like Like |Link to Comment
  • Why Aren't The Dividend Aristocrats And Dividend Champions The Same? [View article]
    Not me. I ignore it.
    Apr 1 10:35 AM | 2 Likes Like |Link to Comment
  • Dividend Portfolio Approaching $20K Annual Income [View article]
    Cash King,

    I hold a number of agency mREITs, all in my IRAs, and a small position in MORL. Like you I would like to sell some of my mREITs and invest in MORL, but there is one snag. My broker will not allow me to own MORL in an IRA.
    Apr 1 12:44 AM | Likes Like |Link to Comment
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